RE: Bitcoin (BTC) Morning Update: Two Patterns Converging into One

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Bitcoin (BTC) Morning Update: Two Patterns Converging into One

in bitcoin •  7 years ago 

O man why is it going down? I am crying.
I have my all investments in bitcoin and it is playing hide and seek with all of us.
what do you think what affect Google's ban on ICO ad has on bitcoin.

bitcoin
7 years ago by

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      ·  7 years ago 

    The advertisment ban surely isnt good for cryptos since the market needs fresh blood for it to regain strength. Just check out the google statistics, the overall interest fell simultanousely with the price of BTC. We need that hype to come back!

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      1 vote
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        ·  7 years ago 

      I'm pretty sure that Google's ban on cryptocurrency-related ads only has a very small impact on price. If anything, the ban by Google is actually very good news in my opinion. I've made a Steemit post about that here: https://steemit.com/bitcoin/@mjglqw/google-bans-crypto-ads-good-news-short-post

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        2 votes
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          ·  7 years ago 

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            ·  7 years ago 

          Buy Steem it's green today!😀

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            1 vote
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              ·  7 years ago 

            :D

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              [-]
                ·  7 years ago 

              Sell, not buy :)

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                [-]
                  ·  7 years ago 

                I don't think it's the Google ad ban. The markets react very negatively to regulation hearings. That's where I would put my money on why the market is dipping again. On my charts, 8.2K is the 0.618 fib level. I expect we bounce off that several times today. If we break down further... then I would be worried

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                  [-]
                    ·  7 years ago 

                  Bitcoin is still correcting. We'll get that double bottom. Might even break a little. I have cash ready but for alt coins.

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